Zanzibar government receives Sh7 billion in dividend from PBZ Bank
The Zanzibar Minister of State- President's Office (Finance and Planning) Dr Saada Mkuya Salum (second right) receives a mock check worth Sh7 billion from the People's Bank of Zanzibar (PBZ) Managing Director Mr. Arafat Haji (left) as a dividend for the year 2023 to the Revolutionary Government of Zanzibar. Witnessing the handover are the Registrar of Treasury - Zanzibar, Mr. Waheed Sanya (third left), the Permanent Secretary of the President's Office-Finance and Planning, Zanzibar, Dr Juma Malik Akil (second left). The brief handover ceremony took place yesterday at the PBZ headquarters in Mpirani, Zanzibar. PHOTO | COURTESY
In 2023, PBZ Bank successfully raised its pre-tax profits to Sh74 billion, with its asset base reaching Sh2.05 trillion. As part of its strategic plan, the bank aims to open more branches in various regions of the country, with recent expansions in Morogoro and Mbeya.
